An appeals court has unanimously rejected the Commissioner of Taxation’s latest bid to block Shell’s $2.3 billion tax deduction for the cost of exploration activities conducted as part of the Browse LNG project off the coast of Western Australia.
Corrs Chambers Westgarth has bolstered its energy and natural resources practice with the appointment of two new partners, former Allen’s partner Tracey Greenaway and London transplant Anthony Lepere, formerly of Shearman & Sterling.
Western Australia premier Mark McGowan has been ordered to appear in person in a Sydney court to give evidence at trial in a defamation case by mining billionaire Clive Palmer, but a judge has pushed back the hearing so McGowan can attend state parliament.
Clive Palmer has won his bid to view text messages between Western Australian premier Mark McGowan and the state attorney-general discussing a bill to ban the billionaire mining magnate from suing the state for $30 billion.
Japanese oil and gas producer INPEX and contractor JKC Australia have settled all claims between them relating to the construction of the $45 billion of Ichthys LNG project.
Oil company ExxonMobil has appealed decisions by the Australian Taxation Office to refuse deductions on profits from the sale of petrol from the largest oil field in Australia, claiming its taxable profits over four years should be reduced by $181.8 million.
Energy retailer CovaU has been hit with $33,300 in penalties by the Australian Competition and Consumer Commission over its alleged failure to provide consumers with a percentage price comparison for its residential electricity plans.
A judge has voided contracts between the Morrison government and a subsidiary of Empire Energy for gas exploration in the Beetaloo Basin after finding the decision to enter the agreement in the midst of litigation was “legally unreasonable or capricious”.
The former CEO and chairman of Antares Energy has been banned from managing corporations for four years and hit with a $40,000 penalty for failing to disclose to the market the buyer behind an ill-fated US$254 million acquisition of Texas oil assets.
A judge has rejected a request for bail by NSW Labor Minister Ian Macdonald, Eddie Obeid and his son Moses as they appeal their convictions for conspiring to rig a tender process and secure a coal mining exploration licence for the Obeids’ land in the Bylong Valley.